Powering The On-Demand TV Generation
Espial Reports 2012 Second Quarter Results - another positive EBITDA quarter
August 09, 2012
OTTAWA, Aug. 9, 2012 /CNW/ - Espial® Group Inc. ("Espial" or the "Company"), (TSX: ESP), a leader in the delivery of on-demand TV software and services, today announced its second quarter financial results for the three-month period ended June 30, 2012.
For the three-month period ended June 30, 2012, the Company reported revenues of $3.8 million compared with revenues of $3.8 million for the three months ended June 30, 2011. Earnings before interest, foreign exchange, taxes, stock compensation, depreciation and amortization (EBITDA) for the second quarter of fiscal 2012 was $233,646 compared with earnings of $29,828 in the second quarter of fiscal 2011. Net loss for the quarter was $0.3 million or $0.02 per share, compared with a net loss of $0.5 million last year, or $0.04 per share.
"We demonstrated another positive EBITDA quarter in Q2, 2012" said Jaison Dolvane, President and CEO. "This quarter we experienced solid expansion orders from our existing pay-TV operator customers as they continue to roll out their next generation of TV services. We also saw our Smart TV customers, like Sharp, start shipping their 2012 models of Espial powered Smart TVs. Our products continue to be of strong interest to our cable, telecom and consumer electronics customers looking to roll-out HTML5 user experiences and IP services across set-top boxes, Smart TVs, mobile phones, tablets, PCs and gaming consoles."
Q2 Financial Results
A complete set of financial statements and management's discussion and analysis for the period ended June 30, 2012, will be available at http://www.sedar.com.
The Company will be hosting a conference call to discuss the second quarter 2012 results on August 9, 2012 at 5:00 p.m. Eastern Standard Time (EST). The phone number to join the results discussion is:
The playback for the call will be available until 11:59pm EST on September 7, 2012, at the following numbers and passcode:
About Espial (www.espial.com)
Espial is a leading supplier of digital TV and IPTV software and solutions to cable MSOs and telecommunications operators as well as consumer electronics manufacturers. Espial's middleware, video-on-demand, and browser products power a diverse range of pay-TV and Internet TV business models. Over 10 million licenses of its patented software are in use across the world. Espial is headquartered in Ottawa, Canada and has offices in the United States, Europe, and Asia. Visit www.espial.com or contact us via phone at +1 613 230 4770.
Forward Looking Statement
This press release contains information that is forward looking information with respect to Espial within the meaning of Section 138.4(9) of the Ontario Securities Act (forward looking statements) and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, statements about anticipated benefits of new customer and partner relationships, future opportunities for the company and products and any other statements regarding Espial's future expectations, beliefs, goals or prospects are or involve forward-looking information.
Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including Espial's ability to effectively develop its distribution channels, and generate increased demand for its products. Additional risks and uncertainties affecting Espial can be found in Espial's Annual Report for the fiscal year ended December 31, 2011 and in its most recent quarterly report filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. Espial assumes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Non-IFRS Financial Measures
SOURCE ESPIAL GROUP
Find Out More
To learn more about Espial, contact us today.